Honorhealth Sonoran Crossing Med Ctr
dba Honorhealth Sonoran Crossing Medical Center ·
Phoenix, Maricopa County, AZ
· CCN 030146
Licensed to Honorhealth
Composite
61.5
rank score
Distress
65
FY2023
Fit
80
vs thesis
Estimated ticket
$33.6M–$134M
79 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- current ratio below 0.8
- debt above 70% of assets
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $107M |
| Operating margin | -8.7% |
| Total margin | -7.6% |
| Days cash on hand | — |
| Current ratio | 0.19 |
| Occupancy | 39% |
Facility
| Beds | 79 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 70 | $4.8M | $-6.9M | -227.8% | -78.8% | — | 0.05 | 20% | 287 | 100 |
| 2021 | 70 | $78.3M | $7.2M | -4.5% | 8.1% | — | 0.15 | 38% | 2,143 | 54 |
| 2022 | 70 | $94.4M | $-5.0M | -6.6% | -5.3% | — | 0.15 | 41% | 3,198 | 79 |
| 2023 | 79 | $107M | $-8.3M | -8.7% | -7.6% | — | 0.19 | 39% | 3,423 | 65 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alpa Shah | corporate director | 2020-09 | ||
| Andrew Kassir | corporate director | 2020-09 | ||
| Charles Mitchell | corporate director | 2021-07 | ||
| Denise Montee | w-2 managing employee | 2024-01 | ||
| Denise Montee | operational/managerial control | 2024-01 | ||
| Drew Brown | corporate director | 2020-09 | ||
| Frank Pugh | corporate director | 2020-09 | ||
| Fred Hessler | corporate director | 2020-09 | ||
| Heidi Jannenga | corporate director | 2024-01 | ||
| Honorhealth | operational/managerial control | 2020-09 | ||
| Jesika Bailie | w-2 managing employee | 2022-01 | ||
| Jesika Bailie | operational/managerial control | 2022-01 | ||
| Julie Arvo Mackenzie | corporate director | 2020-09 | ||
| Kathleen Player | corporate director | 2025-01 | ||
| Kathryn Lincoln | corporate director | 2020-09 | ||
| Lisa Montman | corporate officer | 2022-01 | ||
| Lisa Montman | w-2 managing employee | 2022-01 | ||
| Lisa Montman | operational/managerial control | 2022-01 | ||
| Peter Hathaway | corporate director | 2020-09 | ||
| Robert Welborn | corporate director | 2020-09 | ||
| Steven Wheeler | corporate director | 2020-09 | ||
| Todd Laporte | corporate officer | 2018-03 | ||
| Todd Laporte | corporate director | 2018-03 | ||
| Todd Laporte | w-2 managing employee | 2018-03 | ||
| Todd Laporte | operational/managerial control | 2018-03 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in AZ
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2024-10-03 | Honorhealth | St Lukes Medical Center Lp | Tempe St. Lukes Hospital | 74 |
| 2024-10-03 | Honorhealth | Mountain Vista Medical Center Lp | Mountain Vista Medical Center | 138 |
| 2019-02-01 | Dignity Community Care | Dignity Health | Chandler Regional Medical Center | 429 |